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Long End Under Heavy Pressure

US TSY FLOWS
Long end rates extending session lows again after brief rebound that coincided with moderate selling in equities that pushed ESH2 back near steady, currently +8.0 at 4766.50.
  • Some stops triggered in rates on way down, technical selling w/TYH2 through first, second and third support levels: currently 129-18 (-29/32) through 61.8% retracement of Nov 24-Dec 3 rally.
  • Flow includes prop, fast$ and deal-tied selling in 2s-10s, Real$ selling 30s.

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